SEC Form 4 · accession 0001590584-19-000042
Civeo Corp · CVEO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter McCann
Officer — SVP, Australia
Period of report
Feb 23, 2019
Accepted (ET)
Feb 26, 2019 · 5:53 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001590584
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF1 | Feb 23, 2019 | M | 77,312 | — | A | 204,110 | D | |
| Common Shares | Feb 23, 2019 | D | 77,312 | $2.62 | D | 126,798 | D | |
| Common SharesF2 | Feb 23, 2019 | A | 463,866 | $0.00 | A | 590,664 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred SharesF1 | — | Feb 23, 2019 | M | 77,312 | D | — | — | Common Shares | 77,312 | 61,896 | D |
Explanation of responses
- F1Each deferred share represents a contingent right to receive one Civeo common share payable in cash. The deferred shares vest at various times based on grant date. 77,312 shares vested on February 23, 2019.
- F2Settlement of performance share award under the 2014 Equity Participation Plan of Civeo Corporation that cliff vested at a 200% level on the third anniversary of February 23, 2016.
Remarks
Senior Vice President, Australia